Roper Technologies acquires Syntellis Performance Solutions

Roper Technologies acquires Syntellis Performance Solutions

Roper Technologies, Inc. announced on August 8 that it completed the acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. The net purchase price represents approximately 15x Syntellis’ expected 2024 EBITDA.  Syntellis Performance Solutions provides enterprise performance management software, data and intelligence solutions for healthcare, higher education and financial institutions. According to the original press release, Syntellis is expected to contribute approximately $185 million of revenue and $85 million of EBITDA in 2024, including planned cost synergies. Roper... Read More »
Roper Technologies acquires Syntellis Performance Solutions

Sitero Acquires Clario’s eClinical Technology Suite

Sitero, a contract research organization (CRO) based in Coral Gables, Florida, announced on August 1 that it acquired Clario’s e-clinical technology suite. The financial terms of the acquisition were not disclosed.  Clario’s e-clinical technology suite is an advanced technology suite designed to manage the end-to-end clinical trial lifecycle. Components include electronic data capture systems, randomized and trial supply management, clinical trial management systems, e-consent and site and patient payments. Sitero is a next-generation, site-focused CRO for life sciences and institutional research organizations that helps get treatments to market safer and faster through... Read More »
MD Revolution Acquires RPM Provider NavCare

MD Revolution Acquires RPM Provider NavCare

MD Revolution announced on August 1 that it has acquired NavCare based in Augusta, Georgia. NavCare is a remote patient care services company that provides virtual chronic care management (CCM), remote patient monitoring (RPM) and telehealth care management. Founded in 2011, MD Revolution, provides RPM and CCM to more than 1,700 providers and 150,000 patients, collecting and evaluating more than 19 million vital measurements through care delivery. According to Kyle Williams, CEO of MD Revolution, this merger will lead to MD Revolution being able to offer greatly expanded service to clients and patients. NavCare teams will become employees of MD Revolution. Chris MacInnis will become Chief... Read More »
Investor Interest Spikes for Telehealth in 1H:23

Investor Interest Spikes for Telehealth in 1H:23

Telehealth demand has oscillated over the past several years. There was a peak in usage during 2020 and 2021 during the COVID-19 quarantine, driving dozens of deals in the healthcare M&A market. Deals such as Microsoft Corp.’s purchase of Nuance Communications for $19.7 billion in April 2021 and Teladoc Health’s acquisition of Livongo Health, Inc. for $18.5 billion are some notable examples.  Several companies even hit the public market through a special purpose acquisition company (SPAC). Sharecare, Inc. merged with a SPAC in a deal valued at $3.9 billion in November 2021; Him & Hers joined Oaktree Acquisition Corp., sponsored by an affiliate of Oaktree Capital Management, L.P.,... Read More »
Axxess Acquires EMR Provider Complia Health

Axxess Acquires EMR Provider Complia Health

Axxess announced on July 24 its acquisition of Complia Health for an undisclosed price. Headquartered in Schaumburg, Illinois, Complia Health is a leading provider of electronic medical record (EMR) solutions, technology and services for home care, home health and hospice agencies. Complia’s roster of clients includes some of the largest home health, home care, hospice and palliative care providers among its more than 200 clients with thousands of locations. Axxess is a leading home health technology company, providing a complete suite of innovative, cloud-based software and services, empowering healthcare providers with solutions to make lives better. The company is trusted by more... Read More »
Aya Healthcare Acquires Polaris AI

Aya Healthcare Acquires Polaris AI

Aya Healthcare, Inc. announced on July 20 its acquisition of Polaris AI for an undisclosed price. Polaris AI provides a machine learning platform that predicts future patient volume and staffing levels in clinical settings. Polaris AI facilitates accurate predictions of case volumes, enabling healthcare organizations to optimize staffing levels at the time when care is needed most. Aya Healthcare is one of the largest healthcare talent software and staffing companies in the United States. The company delivers every component of healthcare-focused labor services, including travel nursing and allied health, per diem, permanent staff hiring, interim leadership, locum tenens and non-clinical... Read More »